Cultural Transformation Crucial to Helping Organizations on a Journey to a Zero-Based Mindset, According to New Book from Acc...
June 12 2019 - 4:59AM
Business Wire
“The Big Zero” by Accenture Strategy shows how
companies can shift resources to fund innovation and growth
With sustainable growth increasingly difficult to achieve and
cost-cutting efforts not enough to spur it, organizations need a
new approach to meet their business goals. A new book from
Accenture (NYSE: ACN) highlights how instilling a “zero-based
mindset” (ZBx) can help companies release funds that can drive
innovation, growth and competitiveness.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190612005091/en/
“The Big Zero” by Accenture Strategy
shows how companies can shift resources to fund innovation and
growth (Photo: Business Wire)
The Big Zero: The Transformation of ZBB into a Force for Growth,
Innovation and Competitive Advantage – co-authored by Kris
Timmermans and Christopher Roark of Accenture Strategy, along with
Rodrigo Abdalla – shows how a transformation of employees’
behaviors toward aligning investments and costs around the
strategic priorities of the organization can help boost competitive
agility by ensuring lasting and sustained growth.
A zero-based mindset is an organization-wide approach centered
around forensic visibility into resources that allows companies to
take non-working money and reinvest it to ignite growth via new
products, capabilities, services and skills. The approach calls for
action in four areas: zero-based spend (ZBS), zero-based
organization (ZBO), zero-based commercial (ZBC) and zero-based
supply chain (ZBSC).
“Companies across all industries and markets are under pressure
to innovate and grow. But the cost of nurturing new growth sources
is high,” said Kris Timmermans, senior managing director at
Accenture Strategy. “Through this book, we show how a zero-based
mindset can help organizations shift resources to growth strategies
and pivot to new business models. It requires an entire cultural
transformation, but the rewards are high when done right.”
The Big Zero is a must-read for companies that are starting out
or already on a zero-based journey and looking for inspiration on
how to transform culture and engender buy-in and ownership across
the organization – from the executive team down. The book features
compelling stories from global companies across industries
including consumer goods, healthcare, industrial products, retail,
and others that are applying zero-based principles to fuel greater
competitive agility and accelerate growth.
The zero-based mindset principles showcased in the book have
been endorsed by C-Suite of leading companies and academics from
top universities alike. For more information on The Big Zero,
please visit: www.thebigzero.com.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 477,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
Accenture Strategy combines deep industry expertise, advanced
analytics capabilities and human-led design methodologies that
enable clients to act with speed and confidence. By identifying
clear, actionable paths to accelerate competitive agility,
Accenture Strategy helps leaders in the C-suite envision and
execute strategies that drive growth in the face of digital
transformation. For more information, follow @AccentureStrat or
visit www.accenture.com/strategy.
Copyright © 2019 Accenture. All rights reserved. Accenture, its
logo, and High Performance Delivered are trademarks of
Accenture.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190612005091/en/
Maggie NolanAccenture+1 845 661
0952margaret.d.nolan@accenture.com
Accenture (NYSE:ACN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Accenture (NYSE:ACN)
Historical Stock Chart
From Apr 2023 to Apr 2024